Baldacci, Emanuele; Gupta, Sanjeev; Mulas-Granados, Carlos - International Monetary Fund (IMF) - 2013
growth during periods of private debt deleveraging. The analysis covers 107 countries and 79 episodes of public debt … adjustments can dampen growth when there are credit supply restrictions. Instead, fiscal adjustments that are gradual and rely on …, protecting public investment is critical for medium-term growth, as is the implementation of supply-side, productivity …